Trump Hints At TikTok Deal After US-China Trade Talks In Europe

President Donald Trump on Monday said that the trade meeting in Europe between the U.S. and China went “very well” and hinted that a potential deal may be in the works for TikTok.

“A deal was also reached on a ‘certain’ company that young people in our country very much want to save,” he said in a cryptic post on TruthSocial. “I will be speaking to President Xi On Friday. The relationship remains a very strong one.”

The comment comes after high-stakes trade negotiations in Madrid on Sunday, where U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer reportedly met with China on multiple issues, including the urgent deadline for ByteDance, TikTok’s parent company, to divest its U.S. operations by September 17 or face a ban. On Stocktwits, retail sentiment around Bytedance–which is not publicly listed–was in the ‘extremely bullish’ zone, accompanied by ‘high’ levels of chatter.

Speaking to reporters from the U.S.-China talks in Madrid, Bessent also confirmed that the two countries have reached a ‘framework’ deal for TikTok. “It’s between two private parties, but the commercial terms have been agreed upon,” he said, indicating that the framework could pivot the social media platform towards U.S. ownership.

Meanwhile, China’s antitrust regulator on Monday announced that Nvidia (NVDA) had violated the country’s anti-monopoly rules, stemming from an investigation launched in December. Chinese authorities stated that they would continue the investigation. “We discussed the poor timing of the Nvidia investigation on the day of these talks,” Bessent added, declining to provide further details.

Nvidia’s stock fell 1.75% in morning trade with retail sentiment on Stocktwits trending in ‘bearish’ territory, despite a rally in the broader stock market. The SPDR S&P 500 ETF (SPY) was up 0.42%, the SPDR Dow Jones Industrial Average ETF (DIA) gained 0.07%, and the Nasdaq-100 tracking Invesco QQQ Trust (QQQ) moved 0.60% higher. Retail sentiment around QQQ on Stocktwits improved to ‘bullish’ from ‘neutral’ territory over the past day.

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